PMC-Sierra (PMCS) Message Board

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Technology Stocks : PMC-Sierra (PMCS)

PMCS 11.65

0.0%

Jan 25 4:00 PM EST

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To: Trader Dave who wrote (3426)	4/18/2000 3:01:00 PM
From: Harry Stein	Read Replies (3) of 3818

Well thought out response traderdave. I am just concerned about the unbelievable rise in the stock price. I bought at 90 originally, and would buy it again at 90. I got swept up in the momentum when it hit 250. It will hit it again, although it should be several years from now. Consider this, in 1920 April 1 GM hit $391 , up 291% in just 90 days by july it was $5. This was a leading edge company at its time, and the automobile was going to change the world. Sound familiar? If you owned GM at the peak of 1929 you would have had to wait till 1984 to match that price. History repeats itself, except there is always a slight twist to make it a little different. I still like PMCS and I hope to own it again, I just don't think we have seen the bottom yet. And I am very cautious at this point as I am sure many others are. And I was very bullish several weeks ago. All the best.

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